Google has promised Anthropic, an American company specializing in artificial intelligence, investments worth 1.9 billion euros. This is a loan that is later converted into shares in the company.
More big tech companies think Anthropic, which is working on the chatbot Claude, has a great future. The company had previously raised about 3.75 billion euros from Amazon.
Big tech companies like Google and Meta, the parent company of Facebook, are developing AI-powered chatbots that will compete with ChatGPT. OpenAI’s AI software caused buzz last year due to its advanced capabilities.
Anthropicism is not without controversy. Recently, Universal Music Group, which represents stars like Taylor Swift and Billie Eilish, announced a lawsuit because Anthropic would illegally copy song lyrics.
Established technology companies are also investing in AI startups to maintain relationships with technology developers who are expected to play a major role in the future. Additionally, these AI companies may be good customers for cloud software offered by the same technology groups.
According to the Financial News Agency Bloomberg, which is based on information from insiders, Anthropic is aiming for a valuation of between 19 and 28 billion euros in discussions with investors. Earlier this year, the startup was valued at €4.7 billion, according to data from market research firm Pitchbook.
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Cloud- en AI-diensten doen het goed bij Microsoft, maar stellen teleur bij Google
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Universal Music bindt de strijd aan met AI-songtekstgenerator Claude
“Lifelong zombie fanatic. Hardcore web practitioner. Thinker. Music expert. Unapologetic pop culture scholar.”